Brazil
  • pt
  • en
    • Search

    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Reasons to Consider PAVE

    Compelling Need

    The American Society of Civil Engineers assigned a letter grade of C to the state of U.S. infrastructure in its 2025 report card, highlighting the need for investment.1

    Multiple Long-Term Catalysts

    America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.2

    Unconstrained Approach

    As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry.

    1American Society of Engineers, Mar 20252Politico, 2024

    Key Information As of 06/09/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $13.77 billion
    NAV $57.20

    ETF Summary

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

    ETF Objective

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index.

    Trading Details As of 06/09/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 240,800,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 06/09/26

    30-Day SEC Yield 0.50%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 06/09/26

    NAV $57.20 Daily Change $0.70 1.24%
    Market Price $57.17 Daily Change $0.66 1.17%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 05/29/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -0.93% 19.88% 17.86% 36.90% 51.14% 298.62% 03/06/17
    Returns (as of 06/09/26)
    		Return PAVE Return Index
    Since Inception 304.99% 325.37%
    12 Months 35.64% 36.17%
    24 Months 60.59% 61.90%
    Last 60 Trading Days 14.12% 14.27%
    Last 75 Trading Days 4.27% 4.39%
    Monthly Returns (through 06/09/26)
    		Return PAVE Return Index
    Jun 2026 1.60% 1.60%
    May 2026 -0.91% -0.89%
    Apr 2026 12.65% 12.75%
    Mar 2026 -7.74% -7.75%
    Feb 2026 8.58% 8.63%
    Jan 2026 6.20% 6.22%
    Dec 2025 0.94% 0.96%
    Nov 2025 0.56% 0.58%
    Oct 2025 1.28% 1.33%
    Sep 2025 2.48% 2.54%
    Aug 2025 1.77% 1.81%
    Jul 2025 4.84% 4.88%
    Jun 2025 5.25% 5.27%
    May 2025 8.11% 8.16%
    Apr 2025 1.84% 1.85%
    Mar 2025 -6.20% -6.17%
    Feb 2025 -5.01% -4.97%
    Jan 2025 4.64% 4.70%
    Dec 2024 -11.26% -11.22%
    Nov 2024 11.12% 11.19%
    Oct 2024 -0.05% -0.04%
    Sep 2024 4.42% 4.46%
    Aug 2024 -1.34% -1.35%
    Jul 2024 7.91% 8.00%
    Jun 2024 -4.38% -4.35%

    Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

    NAV & Index Chart

    Top Holdings As of 06/09/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    4.00 PWR QUANTA SERVICES INC United States 2150204 691.95 796,859 551,386,585.05
    3.58 CSX CSX CORP United States 2160753 47.28 10,440,216 493,613,412.48
    3.27 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 470.76 957,530 450,766,822.80
    3.26 ETN EATON CORP PLC United States B8KQN82 401.72 1,118,258 449,226,603.76
    3.20 HWM HOWMET AEROSPACE INC United States BKLJ8V2 257.16 1,715,895 441,259,558.20
    3.17 UNP UNION PACIFIC CORP United States 2914734 271.28 1,611,189 437,083,351.92
    3.10 NUE NUCOR CORP United States 2651086 254.32 1,682,080 427,786,585.60
    3.10 URI UNITED RENTALS INC United States 2134781 1,094.17 390,725 427,519,573.25
    3.00 DE DEERE & CO United States 2261203 577.33 715,125 412,863,116.25
    2.93 ROK ROCKWELL AUTOMATION INC United States 2754060 460.47 878,253 404,409,158.91
    2.92 NSC NORFOLK SOUTHERN CORP United States 2641894 312.32 1,290,735 403,122,355.20
    2.87 SRE SEMPRA United States 2138158 90.87 4,348,328 395,132,565.36
    2.81 FAST FASTENAL CO United States 2332262 46.58 8,326,520 387,849,301.60
    2.61 PH PARKER HANNIFIN CORP United States 2671501 905.53 397,659 360,092,154.27
    2.57 EMR EMERSON ELECTRIC CO United States 2313405 142.42 2,486,038 354,061,531.96
    2.26 CRH CRH PLC United States B01ZKD6 103.70 3,000,632 311,165,538.40
    2.10 STLD STEEL DYNAMICS INC United States 2849472 269.80 1,073,289 289,573,372.20
    1.98 EME EMCOR GROUP INC United States 2474164 827.78 329,278 272,569,742.84
    1.97 VMC VULCAN MATERIALS CO United States 2931205 279.00 971,117 270,941,643.00
    1.84 MLM MARTIN MARIETTA MATERIALS United States 2572079 572.25 443,210 253,626,922.50
    1.55 AMRZ AMRIZE LTD United States BV5F675 52.69 4,062,477 214,051,913.13
    1.49 MTZ MASTEC INC United States 2155306 353.08 579,905 204,752,857.40
    1.39 CRS CARPENTER TECHNOLOGY United States 2177504 523.77 366,144 191,775,242.88
    1.38 HUBB HUBBELL INC United States BDFG6S3 486.47 390,589 190,009,830.83
    1.38 STRL STERLING INFRASTRUCTURE INC United States 2632876 842.01 225,752 190,085,441.52
    1.36 ATI ATI INC United States 2526117 187.13 998,542 186,857,164.46
    1.22 WWD WOODWARD INC United States 2948089 380.75 440,007 167,532,665.25
    1.12 RS RELIANCE INC United States 2729068 401.80 384,011 154,295,619.80
    1.06 FTV FORTIVE CORP United States BYT3MK1 62.78 2,328,399 146,176,889.22
    1.00 RBC RBC BEARINGS INC United States B0GLYB5 592.41 232,587 137,786,864.67
    1.00 AA ALCOA CORP United States BYNF418 72.41 1,901,586 137,693,842.26
    0.92 WCC WESCO INTERNATIONAL INC United States 2416973 355.30 357,555 127,039,291.50
    0.89 IEX IDEX CORP United States 2456612 222.14 550,144 122,208,988.16
    0.80 MLI MUELLER INDUSTRIES INC United States 2609717 135.66 815,942 110,690,691.72
    0.79 J JACOBS SOLUTIONS INC United States BNGC0D3 125.44 865,493 108,567,441.92
    0.78 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 265.45 404,452 107,361,783.40
    0.78 CSL CARLISLE COS INC United States 2176318 347.68 307,153 106,790,955.04
    0.76 RRX REGAL REXNORD CORP United States 2730082 213.30 487,934 104,076,322.20
    0.73 RPM RPM INTERNATIONAL INC United States 2756174 107.41 941,325 101,107,718.25
    0.70 DY DYCOM INDUSTRIES INC United States 2289841 453.79 212,850 96,589,201.50
    0.67 GGG GRACO INC United States 2380443 75.86 1,217,441 92,355,074.26
    0.67 TRMB TRIMBLE INC United States 2903958 52.95 1,742,458 92,263,151.10
    0.65 PNR PENTAIR PLC United States BLS09M3 74.58 1,202,738 89,700,200.04
    0.62 CR CRANE CO United States BNYD4F8 200.92 423,626 85,114,935.92
    0.61 BLD TOPBUILD CORP United States BZ0P3W2 409.00 206,799 84,580,791.00
    0.61 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 228.01 366,268 83,512,766.68
    0.59 WLK WESTLAKE CORPORATION United States B01ZP20 86.11 941,752 81,094,264.72
    0.56 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 135.69 571,580 77,557,690.20
    0.56 VMI VALMONT INDUSTRIES United States 2926825 533.45 144,788 77,237,158.60
    0.55 POWL POWELL INDUSTRIES INC United States 2697422 283.51 268,680 76,173,466.80
    0.50 ACM AECOM United States B1VZ431 71.29 966,704 68,916,328.16
    0.49 AYI ACUITY INC United States 2818461 299.88 225,330 67,571,960.40
    0.48 NWPX NWPX INFRASTRUCTURE INC United States 2035925 123.26 535,697 66,030,012.22
    0.48 LGN LEGENCE CORP-CL A United States BT6CC17 85.58 767,693 65,699,166.94
    0.46 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 423.44 149,364 63,246,692.16
    0.46 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 77.54 812,773 63,022,418.42
    0.45 AGX ARGAN INC United States 2804501 613.93 101,949 62,589,549.57
    0.45 CMC COMMERCIAL METALS CO United States 2213260 75.76 815,167 61,757,051.92
    0.43 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 146.58 405,786 59,480,111.88
    0.43 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 48.32 1,229,992 59,433,213.44
    0.43 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 10.50 5,642,798 59,249,379.00
    0.42 MTRN MATERION CORP United States 2149622 231.27 251,043 58,058,714.61
    0.41 GRC GORMAN-RUPP CO United States 2379281 81.11 694,226 56,308,670.86
    0.40 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 370.03 149,150 55,189,974.50
    0.39 TTEK TETRA TECH INC United States 2883890 28.01 1,918,220 53,729,342.20
    0.39 CLF CLEVELAND-CLIFFS INC United States BYVZ186 12.72 4,187,283 53,262,239.76
    0.37 EXP EAGLE MATERIALS INC United States 2191399 217.38 235,779 51,253,639.02
    0.34 CENX CENTURY ALUMINUM COMPANY United States 2186254 60.91 772,562 47,056,751.42
    0.34 TRN TRINITY INDUSTRIES INC United States 2904627 34.15 1,354,897 46,269,732.55
    0.33 TITN TITAN MACHINERY INC United States B29H3T5 20.61 2,235,475 46,073,139.75
    0.33 DXPE DXP ENTERPRISES INC United States 2276627 162.83 282,940 46,071,120.20
    0.33 ACA ARCOSA INC United States BGPZ5W8 127.34 360,477 45,903,141.18
    0.33 GVA GRANITE CONSTRUCTION INC United States 2381189 140.05 320,790 44,926,639.50
    0.30 MTX MINERALS TECHNOLOGIES INC United States 2595612 76.52 547,035 41,859,118.20
    0.30 PRIM PRIMORIS SERVICES CORP United States B1GC200 103.90 397,089 41,257,547.10
    0.30 ATKR ATKORE INC United States BDHF495 80.78 508,161 41,049,245.58
    0.28 CTRI CENTURI HOLDINGS INC United States BMDPVF7 29.51 1,317,216 38,871,044.16
    0.28 ASTE ASTEC INDUSTRIES INC United States 2060370 51.70 750,248 38,787,821.60
    0.28 TEX TEREX CORP United States 2884224 63.67 606,602 38,622,349.34
    0.28 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 109.43 352,551 38,579,655.93
    0.27 MDU MDU RESOURCES GROUP INC United States 2547323 20.97 1,798,483 37,714,188.51
    0.27 KNF KNIFE RIVER CORP United States BPLL4V5 76.29 491,808 37,520,032.32
    0.27 LPX LOUISIANA-PACIFIC CORP United States 2535243 72.49 511,848 37,103,861.52
    0.27 HRI HERC HOLDINGS INC United States BZBZ020 149.89 244,516 36,650,503.24
    0.26 MTUS METALLUS INC United States BNBPMX1 19.84 1,835,585 36,418,006.40
    0.26 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 26.12 1,391,769 36,353,006.28
    0.26 RYZ RYERSON HOLDING CORP United States B3TPPZ6 28.57 1,243,969 35,540,194.33
    0.26 GBX GREENBRIER COMPANIES INC United States 2387530 48.00 731,254 35,100,192.00
    0.25 TPC TUTOR PERINI CORP United States 2681760 71.48 486,447 34,771,231.56
    0.25 TTAM TITAN AMERICA SA United States BNM4XQ7 15.80 2,189,660 34,596,628.00
    0.25 DNOW DNOW INC United States BMH0MV1 13.49 2,543,226 34,308,118.74
    0.25 CSW CSW INDUSTRIALS INC United States BYQD1J6 278.21 122,638 34,119,117.98
    0.22 IIIN INSTEEL INDUSTRIES INC United States 2325875 28.25 1,096,701 30,981,803.25
    0.22 USLM UNITED STATES LIME & MINERAL United States 2724115 107.45 285,097 30,633,672.65
    0.21 WNC WABASH NATIONAL CORP United States 2932048 7.93 3,609,238 28,621,257.34
    0.21 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 39.31 730,277 28,707,188.87
    0.20 EXPO EXPONENT INC United States 2330318 57.23 494,824 28,318,777.52
    0.20 BMI BADGER METER INC United States 2069128 130.53 216,609 28,273,972.77
    0.19 CALX CALIX INC United States B3S4L67 38.69 669,470 25,901,794.30
    0.16 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 12.71 1,757,082 22,332,512.22
    0.07 OTHER PAYABLE & RECEIVABLES United States 1.00 10,025,586 10,025,586.09
    -0.01 CASH United States 1.00 -1,287,199 -1,287,198.78
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 05/31/26

    Sector Weight (%)
    Industrials 71.9
    Materials 23.2
    Utilities 3.1
    Information Technology 1.1
    Consumer Discretionary 0.6
    Other/Cash 0.1

    Source: AltaVista Research, LLC

    ETF Characteristics As of 06/09/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 45,691 M
    2025 2026
    Price-to-earnings 31.07 25.75
    Price-to-book value 4.10 3.68

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 05/31/26

    Versus Beta
    S&P 500 1.17
    MSCI EAFE 0.89
    MSCI Emg. Mkts 0.62
    Standard Deviation 20.70%

    Source: AltaVista Research, LLC

    ETF Documents

    TERMS OF USE

    Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

    FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

    Back to Top